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It provided services to 38% of the Fortune 500 companies, among 2,500 corporate clients worldwide. It had 760 moving agents; these agents had a fleet size of 7,800 vehicles. [2] During February 2008, the company entered bankruptcy and re-organized, emerging in May 2008 as a private company. [3]
From 2006 to February 2021, Yellow was known as YRC Worldwide. [6] At 12:00 pm on Sunday, July 30, 2023, the company ceased operations due to financial problems. [7] [8] On August 6, 2023, it filed for Chapter 11 bankruptcy protection. [9]
NorthPoint then filed for bankruptcy. After lawsuits from both parties, Verizon and NorthPoint settled out of court. [40] Palm, Inc.: Spun off from 3Com at the peak of the bubble, its shares plunged as the bubble burst. Pets.com: Led by Julie Wainwright, it sold pet supplies to retail customers before filing for bankruptcy in 2000. [41]
As you've probably heard by now, YRC Worldwide recently made its case for why its Teamster union employees should accept cuts to their wages and benefits. As CEO James Welch so delicately put it ...
On November 21, 1999, Clayton, Dubilier and Rice also completed their acquisition of Allied Van Lines and merged it with North American Van Lines to create Allied Worldwide, although each former company maintained its own profile names. Valued at approximately US$450 million in the merger, the Allied Worldwide combined entity became the world's ...
A more than 100-year-old Wichita company has filed for Chapter 11 bankruptcy to restructure the business and potentially bring in new partners. Amid bankruptcy filing, Pioneer Balloon owners find ...
It is unclear if the retail stores plan to close by Feb. 16., but a separate declaration supporting the bankruptcy said Liberated Brands had about $3.3 million of cash on hand on Monday, which ...
Bekins was acquired by Wheaton World Wide Moving in 2012. [10] After the acquisition, the Bekins Van Lines brand name continued to be used as a separate brand. [10] It is the oldest, currently operating, household moving, company in the United States. [11] It is one of the largest moving companies in North America. [2] [10]